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QQMG vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQMG vs. HDV

Last updated Aug 5, 2026
Documentation

QQMG (Invesco ESG NASDAQ 100 ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - QQMG is a Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 3 years, QQMG returned 26.69%/yr vs 15.90%/yr for HDV. Their 0.27 correlation means their historical movements had little consistent relationship. QQMG charges 0.20%/yr vs 0.08%/yr for HDV.

Performance

QQMG vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG NASDAQ 100 ETF (QQMG) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with QQMG having a 19.32% return and HDV slightly higher at 19.95%.

QQMG

1D
3.57%
1M
2.05%
6M
19.69%
YTD
19.32%
1Y
30.76%
3Y*
26.69%
5Y*
—
10Y*
—
ALL TIME*
16.20%

HDV

1D
0.24%
1M
2.71%
6M
8.59%
YTD
19.95%
1Y
24.72%
3Y*
15.90%
5Y*
12.07%
10Y*
9.60%
ALL TIME*
10.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HDV

iShares Core High Dividend ETF
$176.49M$158.01M$110.76M

QQMG

Invesco ESG NASDAQ 100 ETF
$831.38K$1.27M$1.13M

QQMG vs. HDV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QQMG
Invesco ESG NASDAQ 100 ETF		19.32%22.16%25.66%55.00%-31.56%5.26%
HDV
iShares Core High Dividend ETF		19.95%11.90%14.16%1.72%7.05%4.97%

Correlation

The correlation between QQMG and HDV is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.22

Correlation (3Y)
Balances recent behavior with more history.

0.04

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2021

0.27

The correlation between QQMG and HDV shifts across timeframes, from -0.22 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

QQMG vs. HDV - Sectors Allocation Comparison

Sectors
QQMG
HDV

Technology

66.2%
0.9%

Communication Services

11.8%
5.2%

Consumer Cyclical

10.6%
9.3%

Consumer Defensive

5.2%
24.3%

Healthcare

3.3%
23.9%

Basic Materials

1.4%
0.8%

Industrials

1.2%
2.8%

Utilities

0.2%
8.2%

Financial Services

0.2%
4.7%

Real Estate

0.1%

-

Energy

-

19.8%

Technology

QQMG
66.2%
HDV
0.9%

Communication Services

QQMG
11.8%
HDV
5.2%

Consumer Cyclical

QQMG
10.6%
HDV
9.3%

Consumer Defensive

QQMG
5.2%
HDV
24.3%

Healthcare

QQMG
3.3%
HDV
23.9%

Basic Materials

QQMG
1.4%
HDV
0.8%

Industrials

QQMG
1.2%
HDV
2.8%

Utilities

QQMG
0.2%
HDV
8.2%

Financial Services

QQMG
0.2%
HDV
4.7%

Real Estate

QQMG
0.1%
HDV

-

Energy

QQMG

-

HDV
19.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco ESG NASDAQ 100 ETF

iShares Core High Dividend ETF

Often compared with QQMG:
QQMG vs. QQQMQQMG vs. QQQQQMG vs. BBLUQQMG vs. QQQYQQMG vs. QQEWQQMG vs. SPTEQQMG vs. 500G.L
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

QQMG vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QQMG
QQMG Risk / Return Rank: 5656
Overall Rank
QQMG Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
QQMG Sortino Ratio Rank: 5454
Sortino Ratio Rank
QQMG Omega Ratio Rank: 5151
Omega Ratio Rank
QQMG Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQMG Martin Ratio Rank: 5858
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 8888
Overall Rank
HDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9191
Sortino Ratio Rank
HDV Omega Ratio Rank: 8585
Omega Ratio Rank
HDV Calmar Ratio Rank: 9393
Calmar Ratio Rank
HDV Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQMG vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) and iShares Core High Dividend ETF (HDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

QQMGHDVDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.30

-0.77

Sortino ratioReturn per unit of downside risk
2.12
3.47

-1.35

Omega ratioGain probability vs. loss probability

1.26

1.40

-0.14

Calmar ratioReturn relative to maximum drawdown

2.44

4.80

-2.36

Martin ratioReturn relative to average drawdown

7.74

13.10

-5.35

QQMG vs. HDV - Sharpe Ratio Comparison

The current QQMG Sharpe Ratio is 1.53, which is lower than the HDV Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of QQMG and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQMG vs. HDV - Drawdown Comparison

The maximum QQMG drawdown since its inception was -35.43%, roughly equal to the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for QQMG and HDV.

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Drawdown Indicators

QQMGHDVDifference

Max Drawdown

Largest peak-to-trough decline

-35.43%

-37.04%

+1.61%

Max Drawdown (1Y)

Largest decline over 1 year

-12.67%

-5.18%

-7.49%

Max Drawdown (3Y)

Largest decline over 3 years

-22.79%

-10.49%

-12.30%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-2.49%

-1.48%

-1.01%

Average Drawdown

Average peak-to-trough decline

-9.43%

-3.06%

-6.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.98%

1.89%

+2.09%

Volatility

QQMG vs. HDV - Volatility Comparison

Invesco ESG NASDAQ 100 ETF (QQMG) has a higher volatility of 7.91% compared to iShares Core High Dividend ETF (HDV) at 4.30%. This indicates that QQMG's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQMGHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.91%

4.30%

+3.61%

Volatility (6M)

Calculated over the trailing 6-month period

16.95%

8.66%

+8.29%

Volatility (1Y)

Calculated over the trailing 1-year period

20.31%

10.81%

+9.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.85%

12.94%

+10.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.85%

15.79%

+8.06%

QQMG vs. HDV - Expense Ratio Comparison

QQMG has a 0.20% expense ratio, which is higher than HDV's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQMG vs. HDV - Dividend Comparison

QQMG's dividend yield for the trailing twelve months is around 0.36%, less than HDV's 3.07% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.07%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
QQMG
Invesco ESG NASDAQ 100 ETF		0.36%0.41%0.50%0.60%0.82%0.08%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQMG and HDV have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQMG has higher volatility (7.91%) compared to HDV (4.30%). In terms of maximum drawdown, QQMG dropped -35.43% vs HDV's -37.04%.

On 3-year performance, QQMG leads with 26.69% vs 15.90% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, QQMG has performed better with a 26.69% return vs 15.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.20% for QQMG.

HDV has the higher dividend yield at 3.07%, compared with 0.36% for QQMG.

QQMG is categorized as Nasdaq-100, while HDV is Dividend. QQMG tracks Nasdaq-100 ESG Total Return Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for QQMG and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.30 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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